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Have a Savings Bond That Matured? Here's What to Do With It


Have a Savings Bond That Matured? Here's What to Do With It

Perhaps your grandparents gifted you with a savings bond on a special occasion, or you may have inherited one from an elderly relative. As long as the term of the bond is still running interest will keep accruing on it, but once the bond matures, you should go ahead and redeem it.

To see if your bond has matured, start by looking at the series name on the upper right corner of the bond. If it's a series E or series H bond, then it's matured, as all of those bonds are no longer being issued and all the existing ones have already hit their maturity date. If it's a series EE or series I bond, then it matures 30 years after the issue date. You can find the issue date right under the series name, on the upper right corner of the bond. Series HH bonds mature 20 years after the issue date. If the series name is anything else, then it's probably from an outdated series and has matured -- you can look up the series name on the Treasury Direct website to confirm.

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Source: Fool.com


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